Cryptowallet and digital assets
Each User has a crypto wallet that stores his / her digital assets of your Ecosystem (as well as compatible with the global blockchain platform Ethereum).
For Users logging into the system for the first time, a new Crypto Wallet is created.
There are two types of digital assets:
• Coins (local currency) • Items (unique collectible digital assets based on NFT)
Coins are an internal currency based on the ERC-20 blockchain token. In default Ethora configuration, each user gets 100 coins upon joining.
Some Ecosystems keep the Coins virtual and internal, while other Ecosystems may decide to connect Coins directly or indirectly to real-world currency, cryptocurrency or other fungible asset.
Please note that your distribution options (such as Apple Appstore and Google Play store) may be limited for your Ethora-based applications in case you decide to link your in-app Coins with real-world currency (due to relevant stores terms and conditions).